 It is possible to just give my house back to the mortgage company? |
| I hate my house and may soon struggle to pay the mortgage, can I just give the house to the mortgage company. I dont care about money, i just want out or will it be classed as repossession??... |
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 Is it a good idea to buy repossessed/foreclosed homes? |
| i'm a first-time home buyer and i want to buy a house that i can afford and that won't give me as much stress when it comes to finances.... |
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 Can some one help me? I have applied for a loan and the loan was approved.? |
| I haven't got the closing date yet. How long after the approval dose it take for the closing to happen? The company I am working with is a broker. They say I have been approved and I have ... |
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 Can i get personal loan without mortgage anything? |
| i don’t have enough money in my bank account,in fact I don,t even have any job right now,but I wan,t to invest in real estate,can I get personal loan from any bank without mortagage anything?im an ... |
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 Is 45k a good salary for a 22/yo male living in Tucson? |
I'm going to be moving to Tucson in 6 weeks, and I was just wondering if 45,000 dollars a year gross is a good salary for the city/geographic area. Any thoughts?
Additional Details
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 Not happy with interest rate on Closing, Can I still get another Loan from another company? |
I am a first time homebuyer. Is this a good deal?
Selling Price: $232,000 House on Lennar - Las Vegas, NV
Benefits:
Seller will pay 3% Down Payment: roughly $7000
Seller ... |
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 If I I accept an offer on my house that is less than what I owe, what happens? |
| I am selling my house for $159, if someone offers $150 and I still owe on the loan; will I be expected to pay the difference at closing or will the loan company work with me? (There is no Equity in ... |
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 Tenant & landlord question. My washing machine flooded and water came through the ceiling downstairs? |
| The water has left a patch on the ceiling and a thin crack - it hasn't damaged any contents - can anybody tell me if this comes under the buildings or contents insurance. As a tenant i don'... |
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 Closing home in 2 months...Should I buy furniture yet? |
Hi everyone!
We are buying our first house. We do not close until the end of April, but we have found some really nice pieces of furniture on sale now.
My parents have offered to buy the ... |
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 How to remove mother in law off title of house? |
| The morgage loan is in mine and wifes name, not mother in law. I make the morgage payments, no one ... |
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 Why do helicopters fly low in circles at 2 am over my neighborhood? |
| This happens 2-3 times a month, never in the day, usually at 2, 3 sometimes 5 am. In strange flight patterns, starts to the east, ends in the south and they mix it up real quick. They dont have ... |
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 Mortgage refinance? |
| My husband and I bought a house in October with a no documents loan and ended up having to split our mortgage and have two smaller loans. Our mortgage servicer recently called and said that they have ... |
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 My tenants owed 4 months rent & vacated the property on the court date. How can I get their current address.? |
| My previous tenants owed 4 months rent & vacated the property on the court date. They vandalised my property before leaving. They still live in SE London, and I have seen them a few times at the ... |
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hunter | Is there any morgage company out there that will finance a 30,000.00 home for someone that has bad credit? |
My husband and I have bad credit and having a hard time finding a morgage company that will finance us, Is there any morgage company out there that will finance a 30,000.00 home for a first time home buyer that has bad credit? Please if you know of any companies that will please leave something on how I can contact them |
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Alma M
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LOOKING FOR A DECENT HOME UNDER $30,000 IN THE USA ?
TRY WWW.HUD.GOV UNDER FORECLOSURES !!!!
RIGHT NOW, FOR INSTANCE IN STARKE, FLORIDA, NEAR GAINESVILLE, THERE IS A 1998 DOUBLEWIDE MODEL ON ITS OWN ACREAGE FOR $9,000 DOLLARS !!! YES, IT'S TRUE !! THOUSANDS OF OTHERS THAT ARE BLOCK OR FRAME STRUCTURES ALL ACROSS THE USA - FOR WHATEVER PRICE RANGE YOU ARE LOOKING FOR - THESE LISTS ARE FREE !!! |
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Carolinahomerates.com
 |
finding a mortgage company that will finance UNDER 60k...will be a mission.
try citifinancial |
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jeva75
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Gosh I would like to know where you can find a home for 30,000. Where I am from that wouldn't even be enough for a down payment. Please do tell about a nice place to live with cheap real estate. |
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easyaces
 |
Most mortgage companies will not even deal with you if your credit is bad. Maybe buying a house on contract with a private owner could do for you. It will take a bit of research, but you may find something you like. With the crunch on right now in the real estate area, its even tougher to get in. |
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burt p
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Depends on your income and other outstanding debt, stated income loans have dwindled, Credit Score is not all they look at, must meet minimum debt service ratios. And they look your job history
I found interesting information about your answer & THE BEST mortgage options here.
http://all-mortgage-calculators.blogspot.com/2007/07/mortgage-loans.html
Good luck! |
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thompsonpw
 |
When you say bad credit, how bad are you talking about?
If you have a bankruptcy or active collection accounts you will have an extremely hard time convincing any mortgage company to work with you. You have already proven you are a bad risk. It is now up to you to prove that you have changed and you are a better risk.
Try HUD. www.hud.gov. They have first time buyer programs, but you may still have hard time.
Try your town. My town has a program specifically to assist low income people with less than perfect credit in getting mortgages. Not everyone qualifies, but those that do get a no money down mortgage gauranteed by the town.
Both of you need to get your credit reports from all 3 of the major credit reporting agencies. You are entitled to 1 free report every year from all 3 agencies. Go through them with a fine tooth comb. VERIFY EVERYTHING. Don't assume it is accurate just because it looks familiar. People make mistakes. Verify account numbers, dates, addresses, payments, EVERYTHING. I was denied a car loan once because I had 12 small claims actions on my report. Imagine how embarrassed I was when the dealer told me that. I had never been to small claims court. They were all for another guy with the same name and the same address in another town. It took a few letters, but I was able to correct the mistakes and get the loan. Those were legitimate mistakes. Had they been my accounts, I would have been screwed.
You may have to wait a while to get a mortgage. If you are capable, get second jobs and pay off your debts, clear up old accounts. The best thing to do is pay all your bills on time and you will start to show a pattern of GOOD credit. It will take time.
When you have old accounts and credit cards paid off, open a savings account and start putting money away. Then when you reach around $1000, take out a secured loan for 6 months or a year using the $1000 as collateral. You will not be turned down because they have control of your $1000. Make sure to select a bank that will report to all 3 credit bureaus, and make sure to make your loan payments on time. This will help to boost your credit score a little quicker.
There is no such thing as a quick fix for legitimate credit issues, at least not a legal one.
Good Luck. |
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loobus28
 |
Have you looked at Charcol (The Complete Mortgage Service)? They understand the problems experienced by some people with financial difficulties when it comes to getting a competitive mortgage deal. If you have a bad credit history such as CCJs or defaults, or personal debt, your mortgage options can be severely limited and, in the worst case scenario, you may be declined altogether.
Charcol believes the treatment of those with bad credit has, historically, been fundamentally unfair when it comes to applying for a mortgage. Quite often, customers with an adverse credit history have been charged very high fees. For this reason, Charcol has decided to waive all broker fees. This means that you can now get their expert help to get the right mortgage deal - and you won’t have to pay them a penny.
You can look at their website - http://www.charcol.co.uk/find-a-mortgage/get-a-mortgage-quote/bad-credit-mortgage-help/
OR
Telephone their adverse credit mortgage team on 0800 066 5575 - free of charge. The typical APR for bad credit business is 8.6% APR, which is a bit higher than a "normal high street lender".
Good Luck - I hope you get what you are looking for. |
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Tammy
 |
I wish I could help you love, but I don't know of any. This is advice rather than an answer. Please DON'T be tempted by these companies that advertise on television. My best friend borrowed money from a company called Ocean Finance, well, they set up the deal for her as far as I can gather, and she ended up losing everything. Their repayments were astranomical, yet only £40 a year came off the overall debt. She could not keep up with the payments and she lost her home. PLEASE don't do the same. Good luck. |
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Jack K
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Your monthly income should be higher than your expenses to easily find a mortgage company that would finance what you want to buy.
If your income is lower than your expenses, I don't suggest that you look for a company that would finance that home. I suggest that you stay where you are, and think of ways that can get you out of debt rather than worsen the situation with a mortgage.
There ARE exceptions however, but the probabilities are vast. E.g. if you could profit from selling your current home and move to the 30k one to get out of debt.
In any case, the best advice is that you should get over any borders of shyness and have an appointment with a trusted RE broker.
Good Luck! |
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Ryan S
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You mentioned "Bad Credit", how bad is bad? When was the last time you received your FICO score? There are lenders who will lend on $30K, but not many.
Can you guys document your income? Do you have any money set aside in either...savings account, IRA, 401K, stocks and/or bonds? The reason I'm asking is this can off set some negative credit you have and help with your chances of being approved.
Let me know if you need any additional information.
All the best!
Ryan Smith |
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